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IN RE CAPITAL FOUNDRY CORPORATION

No. 46229.

83 F.Supp. 413 (1949)

In re CAPITAL FOUNDRY CORPORATION.

United States District Court E. D. New York.

April 7, 1949.

Attorney(s) appearing for the Case

Zalkin & Cohen, of New York City, for trustees.

Nathaniel L. Goldstein, Atty. Gen., of State of New York (Wendell P. Brown, Sol. Gen., of Albany, N. Y., and Francis R. Curran and George Grau, Asst. Attys. Gen., of counsel), for Industrial Commissioner.

John P. McGrath, Corp. Counsel, of New York City (Isaac C. Donner, Bernard H. Sherris and Janet Lewin, all of New York City, of counsel), for claimant City of New York.

GALSTON, District Judge.

The trustees of the Debtor having filed a proposed plan of reorganization, objecthereto were filed on behalf of the United States, the State of New York and the City of New York, at a hearing held pursuant to Sec. 169 of the Bankruptcy Act, 11 U.S.C.A. § 569. It is their contention that the proposed plan is not fair and equitable, for as a result the inferior claims of general creditors will...

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